2007-01-25 03:28:37 · 5 answers · asked by money 1 in Business & Finance ➔ Investing
That is because it took such a long time for the investing public to figure out that Starbucks is slowing in growth and does not desrve the multiple they trade at. They are truly over-valued still...but rarely will a correction take the stock right where it belongs...it will take a while.
2007-01-25 03:34:36 · answer #1 · answered by fade_this_rally 7 · 0⤊ 0⤋
It is going down because the museum in the Forbidden City in Bejing is closing the Starbucks store.
If the biggest news for the company is some stores opened in Sao Paulo and the board chairman exercised his options on about 150k shares, it would be hard for traders to stay excited. It has a P/E of about 47, which is to say that exuberance is what was keeping it at its ceiling a few months before. It is still winter, the stock tanked in summer, so it probably won't fall too far too fast right now. Think of it as another opportunity to "buy low", lol.
2007-01-25 12:01:37 · answer #2 · answered by Rabbit 7 · 0⤊ 0⤋
In the Year Long chart is a WINNER! if you sell now.
In the Todays Chart it is a loser, whaaa, whaaaa,whaaaa,
It could go back up. It could be a loser. I do not play that stock game , it looks like fun!
2007-01-25 11:48:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Short sell!
2007-01-25 12:50:57 · answer #4 · answered by floozy_niki 6 · 0⤊ 0⤋
if there wasn't one (or two) on every corner in every town...
the market is over-saturated.
2007-01-25 11:38:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋